https://orcid.org/0000-0002-0375-2457
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ABSTRACT
The article explores the link between lending rates and real output asymmetries and bankruptcy costs across US industries. The results document that bankruptcy costs impact such asymmetries, indicating stronger financial frictions in those industries, which are expected to delay the recovery of firms in stressful events.
Disclosure statement
No potential conflict of interest was reported by the authors.
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